%h5 Social Housing Process

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      Social Housing Process
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    %label.title-label{style:"padding-top: 80px"} Social Housing Process
    %p The Immigrant Investor Programme (“IIP”) allows for €1 milion investment into qualifying social housing projects that offer benefits to Ireland. The application to INIS is made both on behalf of a project and the individual jointly. The process is outlined below. This structure is designed to minimise the upfront cost of the application to the investor and ensure that their funds are protected until the investor is certain that their application has been approved.

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%label.title-label STAGE 1 – PROJECT REVIEW
%p The Promoter has appointed Deloitte Ireland to source visa investment funds for this social housing project. Deloitte Ireland is familiar with the IIP and the project and can answer questions on the investment.

%label.title-label STAGE 2 – APPLICATION SUBMISSION
%p The applicant will gather and translate the necessary documentation to prepare their Visa application including, completing the application form and collect the correct evidence for the immigration authorities. Once this application form is complete and approved by the applicant, an Irish Solicitor firm and the Promoter will jointly submit the application to the INIS.

%label.title-label STAGE 3 – VISA APPROVAL
%p During the visa approval process Irish Solicitor firm and the Promoter will deal with any queries raised by INIS and will keep the visa investor fully informed of progress. On approval of the visa INIS will issue a letter to the applicant advising of their approval.

%label.title-label STAGE 4 – DOCUMENTATION REVIEW
%p The investor will need an Irish Solicitor firm to advise on the legal structure of the investment.Irish Solicitor firm will provide this function for the investor. Once a visa application has been approved by INIS, the Promoter will issue the necessary legal documentation to complete the investment to the investor’s legal advisor,Irish Solicitor firm, including property purchase contracts, and agreement to lease the buildings with the local government. In parallel, the General Partner will issue the partnership agreement and investor memorandum which will govern their role and responsibilities for review by Irish Solicitor firm. It is expected that during this stage the visa applicant will transfer the investment of €1 million to Irish Solicitor firm client account. The funds will be held and insured in the client account until completion of the contracts in stage five.

%label.title-label STAGE 5: INVESTMENT & VISA ISSUE
%p On completion of legal advice, contracts will be entered into between the investor and the Promoter for the investors to purchase the Social Housing. On completion of the contracts Irish Solicitor firm will be authorised by the investor to release the €1 million from the client account to make the visa investment. In parallel the General Partner will issue a letter to INIS confirming that the investment has been made and to issue the visa to the applicant.

%label.title-label POST INVESTMENT
%p The General Partner will manage the asset on behalf of the investor, produce accounts and disburse cashflows.